Ferrexpo to pay special dividend amid 'strong' cash generation

6 December 2018 | 08:20am

StockMarketWire.com - Ferrexpo said Thursday it would pay a special interim dividend following second-half 'strong' cash generation after pellet premiums remained at the high levels seen in the first half of the year.

'As a result of strong cash generation, the Board has declared a special interim dividend of 6.6 US cents or US$40 million,' the company said. That was above the 2017 special interim dividend of 3.3 US cents or US$20m.

Performance in the second half of 2018 was in-line with expectations, the company said.

Looking ahead, Ferrexpo said it expected seaborne pellet demand would be strong in 2019 while supply was expected to remain constrained.

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